SICO’s YTD net profit BD 1 million

Net loss in second quarter is offset by strong performance for the first three months of the year.

Manama, Bahrain – 9 August 2012: Bahrain-based regional investment bank, Securities & Investment Company (SICO), announced today its financial results for the second quarter of 2012 and the first six months of the year.

Operating income for the first six months rose to BD 3.4 million (1H11: BD 2.71 million), with net profit increasing by 112 per cent to BD 1.06 million (1H11: BD 499 thousand). Basic earnings per share rose to 2.48 Bahraini fils (1H11: 1.17 fils).